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Re: ok guys. what happened ?!!!
Colombian differentials for UGQ at +28 and +29. At above 13500 there was no buying interest even at +26. When the market got to the 13000 area the interest surged again. Market at above 13500 was too overbought not too mention 14000. The weekly fork showed exactly the top for now. The correction is very healthy for the market. There is a daily cycle within December 13th-19th.Overall,the market has changed trend since it took out the last 2 weekly high reactions 10845 and 12285, that now would serve as supports mid term.